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See how verdicts work2-bedroom bungalow · DE21 7GZ
Sold STCListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An individual detached bungalow offering wonderful potential for improvement, extension and conversion (subject to all consents) particularly to a large loft area. No Chain.
The property enjoys a set-back position from Nottingham Road behind a deep verge with a pleasant outlook.
The bungalow occupies a generous plot with driveway, garage, workshop and large rear garden with a covered patio, expanse of lawn and well stocked borders.
The gas centrally heated accommodation comprises, a feature entrance hallway with attractive original flooring and wall panelling, dining room with open plan access into a bay windowed lounge, kitchen with pantry and conservatory off, two double bedrooms, three piece bathroom and separate WC.
From the hallway access via a ladder leads to a large loft/workshop area with dormer window offering excellent potential for conversion subject to the necessary consent and building regulations.
Positioned close to the many amenities found within Borrowash and Spondon, the property is conveniently located for all typical day to day requirements.
Derby and Nottingham are easily accessible via the nearby A52.
A fantastic property offering wonderful potential attractively being offered for sale with immediate vacant possession and no upward chain.
Accommodation - Hallway - 6.86m x 3.00m max (22'6" x 9'10" max) - A very large formal hallway with original wooden flooring and attractive wall panelling, a fixed ladder leads to a large loft space.
Dining Room - 3.63m x 3.07m (11'11" x 10'1") - With a side UPVC double glazed window, ample space for a dining table and chairs, access into the lounge and kitchen.
Lounge - 4.14m into bay x 3.66m (13'7" into bay x 12') - An attractive UPVC double glazed bay windowed lounge with ample space for furniture, media connections, radiator.
Kitchen - 3.63m x 2.79m (11'11" x 9'2") - Fitted with a plentiful range of wall and base units with matching cupboard and drawer front, laminate work surfaces and tiled walls, gas hob with an extractor fan over, double glazed rear facing window, space for a washing machine, pantry cupboard also housing boiler, door into: Conservatory - 2.97m x 2.29m (9'9" x 7'6") - With tall UPVC double glazed windows and French doors, pitched roof, vinyl flooring.
Bedroom One - 5.05m x 3.66m (16'7" x 12') - A spacious double bedroom with a front facing UPVC double glazed bay window, two radiators.
Bedroom Two - 3.53m x 3.18m (11'7" x 10'5") - A second spacious double bedroom positioned to the rear with fitted drawers, dressing table and wardrobes, UPVC double glazed window, radiator.
Bathroom - 2.41m x 1.80m (7'11" x 5'11") - Appointed with a three piece suite comprising a deep bath, separate shower cubicle with an electric shower and wash hand basin, UPVC double glazed window, vinyl floor covering, extractor fan, radiator.
Separate Wc - 1.78m x 0.86m (5'10" x 2'10") - With a low level WC, window, radiator.
Loft - 6.65m x 5.89m (21'10" x 19'4") - With additional space to the eaves, comfortable head height, front facing UPVC double glazed dormer window.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Nottingham Road, Spondon, Derby
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